Parkway Mansion sold for $146.99mil to Sustained Land-led consortium
Parkway Mansion, a freehold District 15 development at 9 Amber Road, opposite of Nyon Condo has been bought in a successful en bloc sale by Sustained Land Pte Ltd. The collective sale price is $1,536 per square foot per plot ratio ($ psf ppr).
The sale price was higher than the owners’ guide price and exceeded the prices of recent collective sales of freehold projects near Parkway Mansion – The Albracca ($1,409 psf ppr) at 1 Meyer Place, Nanak Mansions ($1,429 psf ppr) at 92 – 128 Meyer Road and the large condo site of Amber Park ($1,515 psf ppr) at Amber Gardens.
Parkway Mansion will be renamed Coastline Residences and the expected sale price of the new project could be between $2,550 psf to $2,600 psf.
Source: https://www.propertyguru.com.sg/property-management-news/2017/12/166577/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium
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